Compute the effective annual rates for the
Compute the effective annual rates for the following:
a. 2% compounded yearly
b. 2% compounded semi-annually
c. 2% compounded quarterly
d. 2%compounded monthly
e. 2% compounded daily (use 365 days per year)
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compute the effective annual rates for the followinga 2 compounded yearlyb 2 compounded semi-annuallyc 2 compounded
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